PM Kisan Mandhan Yojana: There is a lot of hard work in farming, but with advancing age the body does not support like before. Keeping this in mind, the Central Government has started the Pradhan Mantri Kisan Maandhan Yojana, which works like a retirement plan for small and marginal farmers. Often farmers spend their entire lives converting soil into gold.

But there is always a concern about financial security in old age. This scheme is a way to eliminate that tension. By making a very small investment in this, farmers can secure their future and become entitled to a respectable pension as soon as they cross 60 years of age. Know how to get benefits.

Who will get the benefit of this scheme?

Pradhan Mantri Kisan Maandhan Yojana is especially for those farmers who have 2 hectares or less of cultivable land. The age limit for joining this scheme has been fixed at 18 to 40 years. That means, the sooner you join this scheme, the lesser will be the premium amount.

In this, a monthly contribution of Rs 55 to Rs 200 has to be made depending on the age. The good thing is that whatever amount the farmer deposits, the government will also deposit the same amount in his pension account. This scheme is a strong social security cover for those farmers who are part of the unorganized sector.

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How to get pension?

As soon as a farmer completes 60 years of age, he starts getting a fixed pension of Rs 3000 every month. If seen in terms of a year, this is a direct assistance of Rs 36000 which will come directly into the bank account. If the farmer dies due to any reason, there is a provision for his wife to get 50 percent pension i.e. Rs 1500 per month.

Also read: Energy crisis hits before sowing of rice, farmers of Jammu troubled by shortage of diesel for fields.

What is the method of application?

It is very easy to join this scheme. You can register by visiting your nearest Common Service Centre. For this, basic documents like Aadhar card, bank passbook and Khatauni are required. Due to which the entire process remains quite transparent. There is no need of any middleman in this.

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